Gas in South-East Europe and Europe’s next strategic reality: Interdependence, exposure and the unfinished transition

For two decades, Europe believed that liberalised gas markets, diversified suppliers and rules-based infrastructure would guarantee stability. That illusion collapsed with Russia’s war in Ukraine. What followed was the most dramatic gas restructuration seen in modern Europe: supply routes redrawn, LNG capacity rushed into existence, pipeline politics replaced by resilience politics, and gas transformed from […]

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Europe’s new power market era meets SEE’s old vulnerabilities: Integration or marginalisation ahead

Europe is entering a completely new electricity era. Power markets are becoming faster, more precise and far more complex than anything seen in the last decade. Trading is shifting to 15-minute intervals, interconnectors are being treated as strategic security assets, capacity mechanisms are moving toward coordinated European frameworks, and renewable overproduction is becoming a structural

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The Trans-Balkan Corridor: Infrastructure as the test of SEE’s electricity future

Infrastructure embodies intent. In South-East Europe, few projects illustrate that better than the Trans-Balkan Electricity Corridor. Beyond cables and substations, it represents an attempt to step out of the region’s chronic fragmentation and build a backbone capable of supporting a modern electricity economy. Its strategic value is straightforward: stronger transmission means stronger markets. With greater

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CBAM raises new questions for Western Balkans electricity trade with the EU

The Carbon Border Adjustment Mechanism did not emerge from an environmental bureaucracy; it emerged from the heart of Europe’s industrial survival strategy. It is designed to prevent carbon leakage, protect European manufacturing and enforce a consistent climate discipline across competitive landscapes. Yet its implications extend beyond steel, cement and aluminium — they now reach directly

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EU deadline looms as SEE struggles to meet 70% cross-zonal capacity rule

Europe rarely enforces strict deadlines without deeper strategic intent. The requirement for European markets to make 70 percent of cross-zonal capacity available for trade by the end of 2025 is not an academic compliance exercise; it is an economic mechanism designed to reshape how electricity behaves across borders. For South-East Europe, meeting this rule is

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SEE power markets still exposed to price spikes as cross-border integration lags

South-East Europe remains one of the most structurally vulnerable electricity markets in Europe, not because it lacks generation potential or geography, but because of institutional latency, infrastructural bottlenecks and incomplete integration into the broader European market framework. Over the past decade, the region has repeatedly demonstrated a paradox: it is simultaneously a territory of opportunity

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Serbia: US extends NIS negotiation license amid fuel supply challenges

The US Treasury’s Office of Foreign Assets Control (OFAC) has issued a new license to Serbian oil company NIS, allowing negotiations on the sale of the Russian ownership stake to continue until 24 March. However, the license does not permit regular business operations during this interim period. The decision provides additional time for discussions but

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Serbia: Renewable energy share rises to 25.8% in 2024 amid modest progress

The contribution of renewable energy sources to Serbia’s gross final energy consumption reached 25.8% in 2024, marking a modest increase of 0.4% compared to the previous year. Data from Eurostat show that Serbia now sits slightly above the European Union average, which was 25.2% in 2023. Despite this, the country’s overall progress remains limited when

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Montenegro plans strategic diesel purchases for 2026 to strengthen fuel reserves

Montenegro is preparing a new round of strategic fuel purchases in 2026, allocating between €9 and €12 million to secure additional diesel supplies as part of its mandatory reserve system. The plan envisions acquiring roughly 12,000 to 16,000 tons of diesel, with final volumes and costs dependent on market prices and available funding. Government estimates

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North Macedonia declares electricity supply crisis amid fuel disruptions from Greece

The Government of North Macedonia has approved the declaration of a crisis situation in the electricity supply system nationwide, following disruptions in fuel procurement caused by protests in neighboring Greece. The decision was made during a Government session based on a proposal from the national crisis management coordination body, which determined that electricity producers are

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